How Pulse works

Pulse answers a different question than the Screener. The Screener shows you the whole universe of quality companies as it stands right now — good for open-ended browsing. Pulse shows you what just changed — good for staying caught up without re-scanning everything yourself.

The four event types

Sharp Drop. The stock fell sharply — either in a single session or over the past five trading days. A large short-term move is often the first sign something is worth a closer look, whether that's a buying opportunity or a red flag.

Depth Record. The stock just closed at its cheapest price relative to its Payback Price in its tracked history. This doesn't necessarily mean the price is objectively low — only that it's the lowest point this specific stock has reached since we started tracking it.

Zone Entry. The stock just crossed below its Payback Price — moving from Watching or Overpriced into On Sale. This is often the single most actionable event type, since it marks the exact moment a margin of safety opened up.

Zone Exit. The stock just crossed back above its Payback Price — moving out of On Sale. Useful for knowing when a window you were watching has closed.

The significance score

Every event gets a 0–100 significance score reflecting how notable it is relative to that stock's own price history — a small, routine dip scores low; an unusually large move for that specific stock scores high. It's relative to the stock, not an absolute ranking across the whole market, so a quiet utility stock and a volatile growth stock are each measured against their own normal behavior.

Superinvestor activity

Alongside price events, Pulse also surfaces quarterly moves from the tracked investors on the Superinvestors page: a New Position opened, a position Sold Out entirely, or an existing stake Increased or Decreased by a meaningful amount. These populate as soon as a tracked investor's quarterly SEC filing is processed — see the Superinvestor tracking article for how that works.

When a ticker has both a price event and superinvestor activity in the same window, it's flagged with a "Smart money signal" badge — a materially stronger signal than either on its own, since it means a price move and real institutional buying or selling are lining up on the same stock at the same time.

You can filter Pulse down to just superinvestor activity, by a specific tracked investor, by activity type, or by a minimum conviction (how large a share of that investor's own portfolio the position represents) — useful if you only care about, say, one specific investor's high-conviction bets rather than every filed move across ~80 tracked managers.

Insider buying

Pulse also surfaces genuine open-market stock purchases by company officers, directors, and 10%+ owners, sourced from SEC Form 4 filings. Unlike superinvestor activity, which updates once a quarter, a Form 4 filing lands within 2 business days of the actual trade — and unlike a 13F, it discloses the exact price paid. Only real purchases count as an event; stock grants, option exercises, and sells are deliberately excluded from this feed (see the Insider buying glossary entry for why sells aren't treated as a signal here) — you can still see a ticker's full transaction history, sells included, on its own analysis page.

You can filter Pulse down to just insider buying with its own toggle, the same way superinvestor activity has one.

Your signals vs. Market pulse

Pulse splits into two feeds. "Your signals" only shows events on tickers already on your Watchlist — this is the personal, low-noise view. "Market pulse" shows everything, across the full tracked universe, ranked by significance — this is the broader discovery view, closer in spirit to the Screener but focused on what's moving rather than a static snapshot.